SPX Roadmap January 2025

Likely topping out in 2Q25. Vol will be increasing into that

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So far so good

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Topping process underway as expected

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Today at 5509 was an interesting level and FIB retrace. Also exactly 2 months after the Jan low and seasonally also potential bottoming timeframe. So will be interesting tomorrow or Monday whether a good reversal happens. Fridays this year have been very weak which is normal for bearish regimes

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Lets see whether this week SPX can bounce to low 5800s

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Could not, just 5780. This opens up 4900 into summer. Likely into May consolidation and then fall into July

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I have an itch that strategic support will be touched within a week or so

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I meant intermediate support for 2025

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Strategic support likely to be tested already within next 2 weeks

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The decline has been very quick

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Strategic support lowered to 4000. Can come as soon as Oct/Nov this year

Neon

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Neon